Seeka lifts 1H net profit but downbeat about full year

Seeka lifts 1H net profit but downbeat about full year
Seeka's CEO says "it's a tough gig at the moment". (Image: Unsplash)
Rebecca Howard
Seeka, New Zealand’s largest kiwifruit grower, reported a 4.3% lift in net profit for the six months to June 30 despite covid-19, labour shortages and adverse weather among other challenges.“It’s a tough gig at the moment. Honestly, it is, but we are working our way through it,” said chief executive Michael Franks.The company said in a release that it “has hunkered down, toughed it out and focused on the immediate job of optimising its operations and results in a volatile environment with significant inflationary p...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024